Construction Drone Services Market

Construction Drone Services Market Outlook (2023 to 2033)

The global construction drone services market is expected to reach a valuation of US$ 1145.2 million in 2023. The market is further expected to grow at a CAGR of 23.4% during the forecast period and is estimated to achieve a market value of US$ 9376.0 million by the end of 2033.

The construction drone services market commands around 14% of the total drone services market. Considering the current market size of the construction industry and rising spending on construction development, construction drone services will witness a splendid growth rate in the coming years.

Report Attributes	Details
Market Size (2022A)	US$ 928.0 Million
Estimated Market Value (2023E)	US$ 1145.2 Million
Forecasted Market Value (2033F)	US$ 9376.0 Million
Global Market Growth Rate (2023 to 2033)	23.4% CAGR
North America Market Share (2022)	~44%
East Asia Market Growth Rate (2023 to 2033)	~24.7% CAGR
United States Market Growth Rate (2023 to 2033)	~21.1% CAGR
Key Companies Profiled	Aerial drone solution; AERIUM Analytics; Aerolion Technologies; AUAV; DDC Smart Inspection; DJM Aerial Solutions; Drone Base; Drone Evolution; DroneHive; Drontek Aerial Solution; EagleHawk; Firmatek; Multivista; RUAS; UAVISIONARY

Changing Construction Market Landscape – Role of Drones

The construction industry has been continuously evolving with the emergence of a new set of technologies over the past few years. The recent disruptor is the construction drones. Construction drone service providers saw increases in the demand for their services in the recent past. The majority of these demands originated from western countries.

However, it is expected that the future of construction drones belongs to the Asian market. Countries like India, China, Vietnam, and the Philippines are expected to witness the highest demand for the construction drone services market. As the majority of the spending on construction is expected to arise from these countries, which will ultimately result in higher demand for the market. Technological advancement in construction drone services will also enable the rising demand for drones in the construction industry.

• Short Term (2023 Q1-2026): Drones in the construction industry are gaining popularity across the regions. Higher deployment of drones in the different phases of construction. It is expected that the market will moat of the attraction from the Asian market.
• Medium Term (2026 to 2029): The construction drone service industry will emerge as an organized market owing to the presence of many small and large-scale enterprises. External private investment firms are expected to be active and heavily invested.
• Long Term (2029 to 2033): Ease of doing business will improve the service offering by the market players, resulting in higher growth of the construction drone services market. The global market is set to enjoy a higher market share in the overall drone services market.

As per the newly published report by Fact.MR, a market research and competitive intelligence provider, the global market is expected to grow at a CAGR of 23.4% during the forecast period of 2023 to 2033.

The above image is the representation of the market analysis of the construction drone service industry based on the end-use application and region. Under the end-use application type, the healthcare industry accounts for 63% of the total market shares.

Factors Driving the Demand for Construction Drone Services

“Construction Drone Technology to Drive the Momentum High”

The construction industry has gained the most from the use of drones. In each stage of development, the construction companies are taking the help of drone service providers to carry out different tasks such as mapping & surveying, imaging, videography, and inspection among others.

With the help of close high-resolution images and videos, construction companies are able to analyze the process/development and mitigate the risk of any future mishaps. Construction drones can capture images or videos from different angles which was impossible with earlier manual methods. That too these tasks can be performed within 1/10th of the time taken by the traditional methods of inspections and mapping. The construction drone services market is proving to be very beneficial for the overall construction industry by saving a lot of time and human effort.

“Increasing Spending on Construction Activities”

The overall construction industry has been on a rising spree due to increased spending by corporates and governments across the globe. Gone are the days when the inspection of construction development was done manually, now drones have replaced humans in the whole process.

A construction drone can now take multiple photos and videos from different angles and help companies in the analysis of the project. As the global population is steadily increasing and is expected to reach a mark of 9.9 billion by the end of 2050, the construction industry needs to be ready to accommodate and share the pressure of the rising population. The demand for construction drone services is set to enjoy continuously uninterrupted demand amid increasing construction spending.

Challenges faced by Construction Drone Service Companies

“Stringent Rules and Regulations”

Mostly construction happens where the human population is already residing or the general public has access to nearby places. Currently, the drone industry is in the early stage of its life cycle, and rising numbers of accidents have led to strict rules and regulations regarding the use of drones, especially for commercial purposes.

The use of drones in the construction industry also has some rules and regulations to follow, which ultimately results in lower demand for its services. Every country across the globe has its own set of rules for use of drones for commercial use, which stops drone service companies to run their businesses.

Country-wise Insights

The US Construction Drone Service Industry Will Witness Increased Demand

The US construction market has been very busy owing to an increased number of various construction projects, and the majority of the construction projects are being developed by entering into a business/partnership contract with drone service companies to carry out different services like mapping, surveying, inspection, and photography of construction development.

The US construction industry is highly technology-driven, and it is expected that the in the coming years drones will play an important part in shaping its future. The US market is expected to reach a market value of US$ 453.5 million in 2023 and is expected to increase at a significantly high rate of 21.1% over the next 10 years. The trend is expected to continue amid rising spending on the construction industry.

Indian Construction Drone Service Industry is Expected to Witness Enormous Growth

The Indian economy as a whole is going through some major development and is expected to be one of the fastest-growing economies in the world. The construction industry is going to be one of the major sectors contributing heavily to the overall development of the economy.

The drone industry is also taking its shape and trying to slowly enter the construction industry. Combining the technology, a drone brings, it is expected that construction drones can really fuel the already hyper-growing Indian construction industry. Construction companies are trying to integrate drone technology into their day-to-day inspection activity to reduce wastage and check on the development of each phase of the construction. The Indian construction drone services market is poised to grow at a CAGR of 26.8% over the next 10 years.

Category-wise Insights

Mapping & Surveying to Command Largest Market Share

The construction industry mainly uses drones to keep a check on the day-to-day development of projects. Construction drones can perform multiple tasks such as mapping, surveying, inspection, photography, and filming among others. Most of the revenue generated by drone service providers comes from performing mapping & surveying services.

Mapping & surveying accounts for almost 2/3rd of the total revenue generated by the construction drone service industry. Mapping and surveying help the construction companies in inspecting the development of ongoing projects and also provide adequate data to analyze and make an informed decision as required. Companies are able to take precautionary measures as suggested by the images/video taken via mapping and surveying. The trend is expected to continue amid a rising number of new construction and redevelopment of many old infrastructures.

Commercial End-User to Contribute Most of the Demand

Construction drone service companies cater to the demand of both residential and commercial end-users. A residential client can also hire a drone service company to perform a different set of tasks for their personal under construction or old property. Though the industry is witnessing a rising number of requests from residential customers, it is the commercial client who contributes most to the revenue of the construction drone services market.

The trend is expected to continue in the near future as most of the commercial projects are high tickets in terms of money, unlike the residential ones where the price tag is very low. However, to keep the market buzzing it is important for the construction drone services companies to continue taking on residential projects.

Competitive Landscape

The key players associated with construction drone services are Aerial drone solution, AERIUM Analytics, Aerolion Technologies, AUAV, DDC Smart Inspection, DJM Aerial Solutions, Drone Base, Drone Evolution, DroneHive, Drontek Aerial Solution, EagleHawk, Firmatek, Multivista, RUAS, UAVISIONARY.

The global construction services market is one of the fastest-growing segments of the overall drone services market. The industry is flooded with the presence of multiple small and large organizations. The market players associated with the construction drone services are getting heavily funded by private investors. The industry is yet to take a shape of organized industry, however, there are a few notable market leaders on a local and regional basis.

• In June 2021, Volatus Aerospace Corp. a leading provider of integrated drone solutions completed the acquisition of ConnexiCore LLC, a drone services provider. The acquisition will help Volatus Aerospace to expand its business into the US.
• In October 2022, American Infrastructure Group, Inc. a data technology and field service company entered into an agreement to acquire 1UP Aerial Drone Services, Inc. a commercial drone service provider from Chuck Adams and Kimberly Smith-Adams.

Fact.MR has provided detailed information about the providers of construction drone services positioned across regions, revenue growth, and service offering expansion, in the recently published report.

Segmentation of the Construction Drone Services Market

• By Service :

  • Mapping & Surveying
  • Inspection
  • Photography & Filming

• By End-User :

  • Residential
  • Commercial

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa